TO THE ORDER OF ALBARAKA BANK PAKIS

Company Introduction

Company Type: Financial Institution (Bank)

Factory or Trader: Neither. Albaraka Bank (Pakistan) Limited is a financial institution providing banking and financial services. It is not involved in manufacturing goods (factory) or buying and selling physical commodities (trader).

Overview:

Albaraka Bank (Pakistan) Limited is an Islamic bank operating in Pakistan. It is a subsidiary of Albaraka Banking Group, a Bahrain-based multinational Islamic banking group. The bank offers a wide range of Shariah-compliant products and services, including retail banking, corporate banking, investment banking, and treasury services. Its operations adhere to Islamic finance principles, avoiding interest-based transactions and focusing on ethical and socially responsible investments. The bank aims to provide innovative and competitive financial solutions to its customers while contributing to the economic development of Pakistan.

TO THE ORDER OF ALBARAKA BANK PAKIS refers to Albaraka Bank Pakistan Limited, which is a financial institution, not a company that manufactures or sells physical products. As an Islamic bank, it provides a range of Shariah-compliant financial products and services.

Its products and services typically include:

Retail Banking Products:

Savings Accounts

Current Accounts

Investment Accounts (Mudarabah-based)

Personal Financing (e.g., Murabaha for goods, Ijarah for assets)

Auto Financing (Ijarah-based)

Home Financing (Diminishing Musharakah or Ijarah-based)

Debit Cards

Remittance Services

Digital Banking (Mobile Banking, Internet Banking)

Corporate and Commercial Banking Products:

Trade Finance (e.g., Letters of Credit, Guarantees, Import/Export Financing using Murabaha, Wakala)

Working Capital Financing (e.g., Murabaha, Musharakah)

Project Financing

Term Financing

Cash Management Services

Treasury and Investment Products:

Interbank Placements

Government Securities (Shariah-compliant Sukuk)

Foreign Exchange Services

Other Services:

Locker Facilities

ATM Services

Islamic Wealth Management (if offered)